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BRIEF-Banco Popolare sells bad loans worth 618 mln euros
October 14, 2016 / 7:01 AM / a year ago

BRIEF-Banco Popolare sells bad loans worth 618 mln euros

Oct 14 (Reuters) - Banco Popolare says:

* completes sale of 618 million euros of a portfolio of unsecured bad loans

* the transaction will have no negative effect on the lender’s balance sheet

* the portfolio has been purchased by Marte SPV, a special purpose vehicle owned by specialised investor Hoist Finance Source text for Eikon: Further company coverage: (Reporting by Milan newsroom)

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